01899cas a2200253 a 4500 AALejournalIMF014318 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475519143 1018-5941 BD-DhAAL BD-DhAAL Clark JR, John. Surging Investment and Declining Aid : Evaluating Debt Sustainability in Rwanda / John Clark JR, Birgir Arnason. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Rwanda is a unique case among its Sub-Saharan African peers in that it has already undergone a large scaling-up of public investment. The Rwandan government has made clear its desire to lower its reliance on foreign aid while still maintaining high public investment levels. We use the model of public investment, growth, and debt sustainability in Buffie and others (2012) to evaluate the macroeconomic consequences of a possible scaling-down of investment in Rwanda. Using the model, we can gauge the consequences of different financing mechanisms and investment efficiency levels on the economy. We find that with some commercial borrowing and a modest tax adjustment, the authorities may be able to retain their high investment spending while still reducing their reliance on foreign aid. Mode of access: Internet Arnason, Birgir. IMF Working Papers; Working Paper ; No. 2014/051 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/051/001.2014.issue-051-en.xml IMF e-Library